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. \s. >>> the bail is off, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he blames the koch brothers. >>> we have another horror story to tell you about. wait until you see the confusing, even threatening obamacare tax language in the new tax forms that no one understands. the down side of marijuana is out there. while everyone focuses on the financial effect of colorado's legal pot industry, tonight cnbc will premiere a new documentary that also looks at the dangers of this gateway drug and the serious challenge now facing colorado's parents. all those stories and much more coming up in "the kudlow report" beginning right now. ♪ good evening, everyone. i'm larry kudlow. this is "the kudlow report." we are live here at 7:00 p.m. eastern, 4:00 p.m. pacific. we h
chairman steve forbes and roy hewitt will go on the tax reform plan. >>> and mayor bill de blasio acting like a sandanista. shutting the door on three charter schools and hundreds of kids in new york city. american parents see charter schools as the only way out of poverty for their kids and mostly minority kids at that. we will have the latest on that. meanwhile don't forget free market capitalism is the best path to prosperity. economic freedom and democracy may be at stake in the ukraine. that's why it's important. i'm kudlow and we'll be right back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't tr
for business and capitalism. we'll have a live update in just a few minutes. >>> also supply side tax reform is back. dave camp is going to unveil his new plan tomorrow morning. we'll join us on the "kudlow report" in the evening. we will preview the story tonight. >>> we have the fcc commissioner who blew the whistle on the government's attempt to dictate and bias news stories. now we learn that this government assault may not be over. all those stories and much more coming up on the "kudlow report" beginning right now. >> good evening, everyone. i'm larry kudlow. this is the "kudlow report." we're live at 7:00 p.m. eastern and 4:00 p.m. on the west coast. our top story tonight, will arizona governor jan brewer veto a gay discrimination bill passed by the state legislature. nbc news joins us with the details. good evening. >> reporter: of course the poe opponents call it a religious freedom bill. in any event, governor brewer who is on the spot on this has just returned to arizona after attending a three-day governor's conference in washington. she'll know that the momentum toward a veto ha
. >>> u.s. senate panel investigating tax evasion has accused credit suisse of using cloak and dagger tactics that belong in a spy novel. it alleges c.s. bankers made 150 trips to the u.s. between 2002 and 2000208 orchestrate a large scale tax evasion scheme. some of the things credit suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u.s. tax laws. the senate hearing kicks off late today, shares trading at the bottom, just down just over 3% in trading today. >>> the firm came out to say it considers its insurance policies for wealthy u.s. citizens to be tax compliant. credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. the long arm of the u.s. treasury, by the way good morning, everybody. you didn't say good morning. >> good morning, sorry, good morning. >> good evening if you're watching in sipping apore as well. good e-mails coming out of credit suisse or conversations out of the investigation? >> it's a li
in america. he'll tell us where that is coming up. >> also, tax season is upon us. up next, john harwood explains why the income tax as we know it could be ancient history in 25 years. i hope he's right. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> welcome back. as we celebrate cnbc's 25th anniversary, we're
. the majority of the accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsemen
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
in crimea and eastern ukraine. president obama rolled out his big tax and spend budget today. it's precisely what the economy doesn't need. former senator jim demint is going to join us and talk about the budget and give us his response to the new piece in this left leaning politico article that asks if mr. demint is the most hated man in washington. of course he isn't. don't forget, free market capitalism is the best path to prosperity. we need a little bit in the ukraine. i'm kudlow and i'll be right back. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> secretary of state john kerry promised $1 billion in sanctions to the fledge lg government. are we going to let stand the russian army invasion and the
. >> well, except for the $1 trillion in new taxes, and he has not yet postponed the individual mandate. so if you don't have health insurance, you are going to face penalties starting next april that is one of the most unpopular parts. >> right. i forgot. you're right. all this stuff should be frozen. i'm not being partisan. i have no idea who will win the eek electric. all i'm saying is nobody likes this anymore. obama doesn't like this anymore. his advisers don't like it anymore. his supporters don't like it anymore. the next will be state-run single payer and that's got to be stopped. the president has already changed this 20 times, most of them illegally. obama is repealing obama care with his pen illegally. the voter should do this through the representatives in congress to make it legal. what the president is doing is against the rule of law. we've got to do this through the process. you're right. basically what he's doing is putting off the uncomfortable parts of this until he gets out of office to leave the mess for the next person. and leave the overall taxes. you've got to go bac
budget. he's trying again today. we'll take a look to see who would be paying more in taxes if he gets his way this time. >>> renowned bond fund pimco has been in the headlines lately with its headline grabbing management changes. we're going to talk with its new deputy chief investment officer about what is ahead for pimco and what was her reaction to that "wall street journal" article saying that bill gross made pimco a tough place to work for. we'll find out coming up. >>> and he's just days removed from serving as the ambassador to russia. michael mcfaul has gone eye all to eyeball with vlad peimir put. did putin just blink or did he wink? (music) defiance is in our bones. defiance never grows old. citracal maximum. calcium citrate plus d. highly soluble, easily absorbed. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today..
're hoping for 3% gdp growth this year. and any big spike in oil makes you think that's a tax on consumers and it's harder to get. the ten-year is helping, though. in terms of keeping the housing markets going below 2.7%. the euro stayed remarkably strong for europe. basically being on the front line for this situation here. we will, after hitting some new lows, stabilize. and then finally, fwoeld, i think, traded lower yesterday after having really a great quarter, at least two months. so it's down about $4 today at 1334. and china's leaders reaffirmed the growth target of 7.5% but signaled some concerns about reaching that target. eunice yoon joins us now. we're in a great big city this morning, eunice, tossing to you over there. we're feeling very -- i don't know. we're going to change the world. >> you are. i think that's how people here feel, as well. there were thousands of lawmakers that were gathering together in beijing to heir china's version of the state of the union. this is presented by the premier of the country and it's really the first time that investors got a chance to se
taxes. it involves panty hose, all sorts of things, including even secret elevators. we will talk about that. >>> plus a physical attack on the wealthy. one affluent town in california has been hit hard. speaking of wealth, the wealthiest neighborhood in the u.s. not by zip code or by county. we will go street by street. tyler is out today. simon is at the nyse and we will get downtown in just a second. first, that big news on housing. diana olick is in the house and she has been talking to the biggest name in the business, ivy zelman. >> the noted analyst famous for calling the top and bottom of the latest housing cycle, last spring she said here on cnbc that we were in housing nirvana. by fall she revised her outlooks down. today she explained why. >> i think nirvana took a pause, during that time house prices -- home prices were surging and we had very attractive affordability and a few months after i was on, we had rates spike about 100 plus basis points and we saw a pause. the consumer was rationally responding to the surge in prices, the backup in rates. >> she did not seem partic
to a significant change but you have the anniversary of the payroll tax increase and the sequester not far away, there's hope that you'll get more economic activity translating into more consumer spending although we're not sure how that will play out because we have this potentially seminal in the way people shop. >> we had a big increase in the value of homes and macy's talks about how furniture was very strong. i mean, there are lots of people who are still putting money in homes. and that seems to be the trend that a lot of these retailers have been talking about. remember, target has a nice home business. people are spending on their homes. they are. >> now, target's q-1 profit view's a little below consennious aconsenn io consennsus, and they don't know what the data breach will cost them down the road. what is your game plan on target? >> i think the yield will hold it down. it's so funny do you know what we've got this interesting market that's the opposite of how skeptical we were coming in about retail. lowe's goes up yesterday on home deem poe doing well. low they give us a good numb
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
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early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> to be able to get your head around cloud computing, the best source is salesforce.com. they provide companies with applications delivered over the web that are used to manage everything from sales, services, marketing, customer relations and more. sales force is quite simply the best of the best of breed. salesforce has given you an 18% gain since we last spoke to marc benioff. at the big dream conference, valued at 1,078 since benioff came on the show in the dark days of 2008 and told us everything for fine. salesforce.com has been a terrific winner for years and year. revenue came in an astounding amount higher, up 37% year over year, plus the company gave you up side revenue guidance for the next quarter and raised it's fore
with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. >> and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. >> it is complex. >> but related to transactions between penmax and vanimax who is a big subsidiary? >> yes, because i felt that citi is the emerging market bank, and this is the jewel of the crown, and this is a company troubled for a long time. there was a corruption investigation started february 14th, and citi does allude to that, but when you are the emerging market bank, what you want is 6% to 7% growth routine and you don't want corruption, and this is a throwback and this is a oceanographica, and it is not a company you want to be affiliated with and they can sell assets, but it is a black mark, and the stocks started trading down when the investigation began and all of the financials are weak, but this is disappointing. >> but time again we have a company admit to or accused of having trouble doing business in this specific part
're in effect paying out 1% or 2% annually of your portfolio, that's a big, big tax that you don't have to pay. >> and people who are at home listening to this, they need to look at the suspension ratio. you could probably get one for 20 to 25 points. >> yes, i think that's -- actually, 25 points. now, if they've traded around like crazy, they pay people to tell them what to do with it and everything, their returns become our returns with expenses. so you should look for very, very low expense way of participating and incidentally, at berkshire, our expenses are very, very low in relation to the 100 plus billion of investments that we had. >> we do have the opportunity for viewers to write in and ask you their questions. one viewer did write in the question asking about whether did you lay out that you had said he set this mon aside for your wife instead of being put back into berk share shares. >> berkshire would be fine. but i wouldn't want to be doubting berkshire to people generally. i have no problem touting the s&p 500 at the low cost. >> let's talk a little bit about what you see in the
just on the price of the ticket excluding taxes. already this year cheating medallion status with perks like early boarding is calculated based on the price of the ticket and mileage flown. in 2015 the status will be determined by how many miles you earn. even for road warrior like george clooney's character in "up in the air," flying coach will mean fewer miles. if you buy a $950 coach ticket from new york to san francisco today, diamond status earns you about 11,600 miles. next year, it would only be about 10 stsht,400. but step up to a 3,000 business class ticket, and next year that same flight will earn you 33,000 miles. delta is aiming to make it pay for the business class flyer to buy up. delta's stock, well, trading at an all-time high today. seems some folks think this could pay off handsomely. >> and as you said, rivals will keep an eye on this as well. see if it sticks. >> we want to see what it means for delta's stock. let's bring it down with ben and joe. it is great to see you both. joe, you know the numbers here for the stock. what happens now? >> yeah, we actually think t
-election again. >> i understand. that he cast a shadow. i want to ask you scott about the restaurant tax. i'm sure this is going to get around in campaigns. do you expect more or less from this? >> i think you'll see more businesses do this. this is a case in florida a business has to roll out coverage to about 500 employees on staff. >> gators dockside. >> i've got a picture of it. the chicken sandwich $8.99. chili cheese doing $6.99. there's a buck and a half sales tax. 20 cents aca surcharge. is it more or less? >> they interviewed this guy. didn't seem like he was trying to make a political statement. seemed like a business man trying to find a way to bake costs into the total bill. you'll probably see more businesses to do this. some to make a political statement, some just business. >> terry jeffrey, when are the ads going to run on this? we're going to get to scott on this story. irs is getting ready to punish everybody who hasn't signed up. i don't think that's going to last. i think obama will extend the march 31st deadline. i think he's going to renew the cancelled policies. numbe
are caught at the gate with oversized carry-ons, you will be taxed $25 a checked luggage fee. you may be sent back through security to check your bag at the check-in counter. this is going to cause lots of disruption, i think. >> you know, i fly a lot. people are obnoxious. but here's the deal. they want to crack down on it, lower the baggage fees which they say this is not about. if you are actually going to have a person deployed at the security check send me back because you think my bag's too big and add a half hour to my routine, i will miss the flight, is that really, if that happens, you will see people thinking maybe i shouldn't fly united because i'm afraid, i want to play it safe with american. >> i agree. it is about the fees. i have seen people practically carry on steamer trunks. it's incredible they get in. now the value to being a frequent flyer is you get to be on before everybody else so you can rush to put your bag on. it's a silly system. i agree about the fees. it's not a bad idea to enforce some limits. >> united airlines has just told phil lebeau that in fact, people wil
such a complicated tax code, for instance, is because of these lobbying organizations. if you really wanted to get a fair tax code -- >> how do you offset the influence that unions have and left-wing organizations that soros have? >> why is it only big unions or big organizations that have a say in these things? >> no one is pooling their money together to -- >> i want to raise a question about, at some level, of the voracity of the index. at some level, there's shadow lobbying going on. and not even total lobbying numbers have come down. but you can clearly tell there's the official lobbying that we can all track, that they're tracking, but then all this stuff on the side. >> what if you hire a congressman and bring him under your wing. i thought the same thing too. it was interesting that two tobacco companies made the top of the list. >> you take this to its worst level of lobbying and how does that compare to ukraine with theically other countries, where it's pure out and out bribery. >> there's not a reason to not constantly try to be vigilant to make it a better system. >> there's no golf co
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because it takesed a advantage of certain parts of the tax code. kf private equity survive especially if there is significant reform coming out of washington? >> i think in general private equity gets a bad wrap. i have been on both sides. if you go back and look at the numbers and the jobs and the companies that private equity had saved, it is significant, kelly, and i don't think private equity gets the benefit of saving company, saving jobs, anç returning them to prosperity so that they can either ipo or they become an important part of a strategic acquisition. >> because all the same people will say that's great that you're helping to make, you know, these companies more efficient, perhaps help them innovate in some cases. why is it that the gains that you make in a compensation model that is the envy of most industries, why is it that you should be able to get a lower tack rate on those gain that is you don't have to pay the income tax rates that most of the people would? >> my point of view on that is most of the senior private equity guys i talk to, you know, if the laws were
for u.s. equities today. ftse down 100, individual corporates to focus in on, rbs posted a full-year pre-tax loss of more than 8 billion pounds that has unveiled a 570 million pound bonus pool, stock off 6.4%. man group up 10.5% after impressive full year figures. funds under management left the companies aa slower pace than expected in 2013 as the firm attracted more new investment. rsa down 3.4% is where we stand, the firm's planning to plug a capital hole with asset sales the former rbs ceo steven hester now taking over at rsa and wpp, 5.25, saw sales rise in 2013 but investors left unimpressed by a warping on margins. the ceo told cnbc he should have been more aggressive in emerging markets. >> they are our most profitable markets now. over the coming years we'll be more aggressive. if there's one thing i regret about the last ten years is that we didn't go fst aer. >> posting a 2013 net profit of nearly $4 billion and allianz down 2.3%, raised its 2013 dividend after roughly meeting market expectations. the company saw a strong performance from its property division but life and health
, which is probably too much even for jim grant. so i think you always have to think, what are the tax arrangements, what are the future taxes? what does that look like? what is the monetary arrangement? what does that look like? once i know what that apology is, i can go, jim cramer and others can go and say here's what the prices are. >> that's interesting. >> i know it's been talk around wall street that this is artificial pricing and stuff. it's inhaernt becauerent. >> as free as the market ever gets, still takes into account some -- >> you can have crappy policies and you can have good policies. that's certainly true and fair to argue. you're never going to get away from the idea that the policies are affecting the prices. >> more from fed president, st. louis fed president jim bullard still to come. >>> let's take a check on energy prices. oil prices have been climbing over the past month and nat gas has been on a tear this winter. joining us now is lord john brown, former ceo of. bp. welcome to the broadcast, "seven elements that changed the world" is the name of the book. we th
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to drink as much. when i went to mexico -- >> carbonated beverages. >> mexican tax was against obesity, mexico forward country since change in leadership, this is happening right now, happening worldwide. >> the critics, of buffett who are upset about his lack of transparency on derivatives, right, all of those things, tax inefficiencies that they worry about after he passes, when he passes. >> i think people have to read the shareholder letter. he's underperforming, look, in 2000 -- in 2008, he was down 9. market down 37.0. he says overand over, my job's not to shoot the lights out during the upmarkets but protect the downside. if you read the letter and think real problem's with transparency, he mentions the terrible texas deal he was involved in. >> energy partner had to take a write-down. >> he shows you how he makes decisions. read other annuals, other annuals are about, we have a pretty good toothpaste, you know? others are about don't rule us out against the -- our food wars because like we're still selling a lot of tvs. honestly, it's like, hey, open up, make folksiness. >> lik
. >> not to mention tax inversions. we've seenet so often in this area. finding a way to get to ireland is really what it amounts to or some other tax jurisdiction other than the united states my favorite having been that one that endo did with paladin and they both ended up in ireland. >> i like paragos that is in from ireland. isn't that the melting pot story there, israel, ireland. >> global economy. >> we could use tax reform and this is the perfect example. >> alchemy, what a great company, moves to ireland, boom, like that. >>> gm one of the worst performers this morning down 1.5%. ntsa will open a probe into the faulty ignition. and a lot of users are bed bath, vm, target, ralph lauren. >> a lot of profit taking. ralph lauren was upgraded and downgraded at goldman. the group, these were huge moves yesterday. you take them back a little bit and then i think they settle in and you buy them again because these stocks are much cheaper than the average stock in the market. and i like that. i like value. >> all right. how about a faber report? >> how about it? let's talk sears holdings. in fact, i wa
what he describes is an armed occupation at the airport. >>> luxottica is hit with tax issues in the fourth quarter. >>> there is speculation the central bank will widen the country's trading ban. >>> and janet yellen says she needs a firmer handle on the data before she can blame the weather for recent weakness. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> warm welcome to the show. plenty of moving towards surrounding ukraine. >> absolutely. we just heard in the last few minutes the ukrainian prime minister separating out the political noise we're hearing for the economy. he said they're taking clear steps to provide the ukraine with international financial aid are being taken right now. they accept the ukraine is independent. they hope to boost reserves and stabilize the situation there. they talk about the imf here, too. they expect record credit instruments from the imf to increase saying to them that they will provide funding in the next couple of days if they can agree with it. and a key priority, of course, is
well, maybe some of those explanations of what was going on was a lot of tax related selling in the first month of the year. turned out actually to be true. go ahead. >> here we have a very broad rally, at least today. >> i think there are elements of the tax selling that are true. another element is a lot of people came in very, very short in january, short the stock market, short the bond market, because remember, the prevailing paradigm, the fed tapering program is going to continue. a lot of people believe that the tapering program, that the fed's aggressive action was one of the reasons the stock market held up so well, one of the reasons bond yields were so low and everything was going to change. it didn't really happen and it hasn't happened. i think short covering accounts for a lot of the action we've seen recently. remember, too, we are really almost sideways. we went into new highs at the end of december and are a little above that. so far this year, the stock market is largely sideways. i'm not putting down the rally we've had but we're not blowing up here on the
. use your 401 k if your job has one and roth ira. they are made with after tax money and no penalty for early withdrawa withdrawals. so say, you decide to buy a car or house. you'll be in a better position if you've been keeping your money in a roth where you can withdrawal it early personality free, plus, when you're young you're liking painely making le. for young people just out of college, investing is a great way to trick yourself into saving money you might spend. beyond that, remember when you're young you can afford to take more risk with your fort foll -- portfolio and never too soon to start contributing to your 4 o 1 k or roth. >> caller: i was looking at a stock and i wanted your opinion about it. i have $400 sitting around scott trade and i wanted to know if you think buying five shares of mastercard is a logic l idea? >> i spoke yesterday saying, we have got to pull the trigger on mastercard. we take advantage of the fact they missed one quarter. i think you're making the right move. mark in wisconsin, mark? >> caller: jim, thanks for taking my call. my question is abo
, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he
it fast, plus you might be in a higher tax bracket. i think this is where ryan's going to go. but you tell me. >> reporter: that's exactly right. i spoke with chairman ryan over the weekend. that's the crux of his argument with this budget document. he says that there's over 92 programs administered by the federal government dealing with poverty. a lot of people are enrolling in these programs even as a recovery is ongoing. he's trying to look at ways to curb the spending on these kind of programs and also just try to empower people out of poverty. he thinks the party needs to return to your old friend, jack kemp, to get back to the growth message on these issues and not just talk about cutbacks. >> democratic budget guru, chris van hollen, thinks that paul ryan wants to slash safety net programs left and right and doesn't buy into the incentive argument. so we're going to have a big fight on our hands. >> reporter: i think so. because there was a budget deal crafted between the senate and the house in december, we're not going too see a major budget war in terms of finding a budget compro
up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> the social network giant facebook has hired a community safety police officer for three years for the price of $200,000 a year. the officer will be on patrol in menlo park. that brings us to this morning's squawk on the tweet, now that facebook has hired a cop for menlo park police should be on the lookout for tweeters tweeters @squawkstreet we'll air your responses throughout the morning here on cnbc. >>> when we come back one start-up whistle is making wearable technology yeah for dogs. it measures your pet's activities streams the information right to your smartphone because, hey, you got to know how fit your dog is. it's now available in petsmart and the ceo of whistle will join us next. as we go to break, take a look at petsmart
to cut taxes for more than 30 million working americans and expand credit for middle class families to avoid child care and college costs. president obama will ask for more spending on u.s. infrastructure, such as highways, bridges and trains. now, old man winter strikes again. the senate banking committee has postponed today's confirmation hearing for three nominees after a storm blanketed washington with 2 to 8 inches of snow shutting down the federal government. no new date has been set so far. now, back to our top story. a deadline for ukrainian troops to withdraw from crimea has passed with no shots fired. nbc's bill neely has the latest from the region. >> reporter: russian intrups are fighting their grips. they've fought wars before to take this region. this time, they didn't have to, marching in without firing a shot and taking it in just three days. the russian march against crimea is relentless and it seems unstoppable. the big question is where exactly in ukraine will these men stop? russian troops now surround ukrainian army bases, this one of the biggest. ukrainian sold
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